07.28.09 ADVANCED DIAMOND TECHNOLOGIES COMPLETES SERIES C

From VentureLab Client Advanced Diamond Technologies' Press Release:
Romeoville, IL — July 28, 2009 — Advanced Diamond Technologies, Inc. (ADT), a Romeoville, Illinois-basedcompany which converts natural gas into diamond, today announces the close of its Series C round of financing. The Series C round was $3.5 million and oversubscribed; an up-round from ADT’s Series B which closed in October 2006.”
ADT is the world leader in developing and applying diamond film for industrial, electronic, and medicalapplications. ADT’s capability stems from an innovation that turns methane into a patented form ofsmooth diamond through a thin-film process which enables the integration of diamond into a wide varietyof devices.
ADT’s products include UNCD® Wafers™—diamond-coated wafers for MEMS (micro-electricalmechanicalsystems) development, NaDiaProbes®—atomic force microscopy (AFM) probes made entirelyof diamond, and UNCD Seals—diamond-coated mechanical seals for pumps. RF (radio frequency)MEMS devices for wireless communications, biosensors to detect E. coli in water, and electrodes forwater purification, all made from diamond, are in development.
“Despite the challenges of raising money in this economy, investors saw our momentum and theacceptance of our award-winning products in multiple industries with repeat customers. As a result, wewere able to raise more capital than originally sought,” said ADT’s president Neil Kane. “Proceeds will beused to fund marketing initiatives, and coupled with our product development pipeline, positions us wellfor accelerated growth.”
About Advanced Diamond TechnologiesFormed to commercialize the ultrananocrystalline diamond technology invented at Argonne NationalLaboratory, ADT is the exclusive licensee to its portfolio of diamond patents. ADT is a World EconomicForum 2007 Technology Pioneer, a recipient of a 2008 EuroAsia IC Award in the Materials Enablingcategory from EuroAsia Semiconductor magazine, a 2008 R&D 100 Award winner for UNCD Seals(mechanical seals for pumps), and a 2009 R&D 100 Award winner for NaDiaProbes (AFM probes madeentirely of diamond). For more information about ADT, visit http://www.thindiamond.com.
About VentureLabVentureLab provides business and financial advisory services to early-stage companies. VentureLab works with business owners and entrepreneurs to identify their core needs, evaluate the company’s strengths and opportunities, build plans to facilitate the greatest return on investment, and execute those plans to raise capital, form strategic alliances, and grow the company. Headquartered in Northbrook, IL, VentureLab serves clients in the Midwest and throughout the United States. www.theventurelab.com
Contact: Momei Qu, 847.739.0100, mq@theventurelab.com